Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bybit against dYdX−0.075%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.075% cheaper against dYdX than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX CRV-USD	0.3608	0	get 0.0000% / 1h	52m 07s	$37K	$7K	10x
Short	Bybit CRVUSDT	0.3605	0.0100	get 0.0100% / 8h	4h 52m	$27.3M	$17.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BybitbpOrdersPrice spread, now −0.075%Rate

Funding earned: $21
Price spread: −0.075% → 0.000%: −$7.47
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$7.47
Costs to cover: 0.210%
Break-even: 9.5 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.38 bp	14.7 bp −$15	31.3 bp −$313	192.9 bp −$19.3K	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRV on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CRV_USDC_PERP	−0.0269%	1h	0.3608	0.000%	$99K	$296K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3605	−0.063%	$15	—	15x	as long as short
dYdX CRV-USDlong	0.0000%	1h	0.3608	long leg	$37K	$7K	10x
Phoenix CRV	0.0000%	1h	0.3615	+0.197%	$26K	$168K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	0.0000%	1h	0.3605	−0.075%	$55K	$48K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+1.727%	$79	$384K	12x	as long as short
ApeX Omni CRVUSDT	+0.0060%	1h	0.3615	+0.203%	$52K	$686K	50x	as long as short
Lighter CRV	+0.0096%	1h	0.3604	−0.102%	$380K	$701K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0097%	8h	0.3606	−0.047%	$24K	$902	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3611	+0.103%	$21.9M	$14.9M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CRVUSDT	+0.0100%	8h	0.3606	−0.051%	$128K	$179K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3607	−0.013%	$366K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3607	−0.019%	$24.9M	$53.6M	75x	as long as short
Bybit CRVUSDTshort	+0.0100%	8h	0.3605	−0.075%	$27.3M	$17.6M	75x
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3607	−0.019%	$8.7M	$20.1M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3605	−0.075%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3605	−0.075%	$14.0M	$5.3M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3606	−0.047%	$6.2M	$8.7M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3607	−0.019%	$6.7M	$5.1M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3606	−0.047%	—	$23.5M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3618	+0.283%	$1.1M	$102K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3613	+0.151%	$37K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3620	+0.341%	$510K	$433K	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3638	+0.840%	$2K	$1.2M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3604	−0.102%	$236K	$476K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3606	−0.035%	$13K	$6K	3x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0174% / S +0.0091%	1h	0.3605	−0.068%	$195K	—	100x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3613	+0.147%	$1.4M	$3.9M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3640	+0.895%	$379K	$4.0M	50x	as long as short
Kraken Futures PF_CRVUSD	+0.0701%	1h	0.3608	+0.017%	$3.0M	$2.5M	50x	as long as short